Banks profits and bonuses

[rov1200]

http://news.bbc.co.uk.../business/8517438.stm

Shouldn't we be pleased they are making enormous profits and able to pay these big bonuses again?

Britain leads the world in this type of banking and creates a large input to the exchequer. Also because this years banker's bonus itself is now supertaxed at 50% we benefit from this.

[Everhelpful]

If you say so, I certainly don't.

[jake-the-peg]

Barclays didn't take any Government money.

They didn't like the restrictions involved and went cap in hand to the Saudis instead

They've not cost us anything

[Sqad]

jake...I agree.....good luck to Barclay's.

[rov1200]

Barclays may have cost us nothing but they took the government guarantees that ensured they remained afloat. I believed the Saudi option was more expensive than if they had gone down the government route. Anyway now they are in the clear. It makes you wonder why RBS and Lloyds are still losing money on a huge scale while Barclays are flying high. Maybe its because the taxpayer owns most of it and we know how nationalised industries always came a cropper. Even though they are still losing money the huge bonuses are still being paid out just to keep them in their jobs. Something not quite right there?